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...On Friday, Ford’s head of global motorsport Mark Rushbrook said: “As a family company that holds itself to very high standards of behaviour and integrity, we expect the same from our partners.”...
...Marshall Motor Group has also been bought by Cinch-owner Constellation, while Lookers was bought by Canada’s Alpha Auto in a deal announced last year, and Cambria was taken private by its management team...
...Horner, 50, has led Red Bull Racing since early 2005, shortly after the late Dietrich Mateschitz, founder of the drinks company, bought the F1 team....
...Honda is falling further behind in the battery EV race after scrapping a $5bn plan to develop affordable battery-powered cars with General Motors last year....
...Nearly two-thirds of the voting members of the United Auto Workers union voted to ratify their contracts with Ford, General Motors and Stellantis after their historic strike against the three Detroit automakers...
...Nissan chief executive Makoto Uchida is blunt on the need for new partners, although the company insists its alliance with Renault and Mitsubishi Motors will not be unwound....
...Ford has scaled back plans for an EV battery plant, while General Motors and Tesla have paused some of their EV expansion efforts....
...Tata Motors’ stock has more than doubled over the past year, far outpacing the Indian market — quite a feat for a company with a market value of more than $40bn....
...The UAW, established in the 1930s, last year won record pay increases for 146,000 members whom the union represents at Ford, General Motors and Stellantis after it launched six weeks of strikes against the...
...Of Ford’s $1.1bn profit in the final quarter of last year, roughly a quarter came from the Ford Credit arm. In 2021, the finance unit generated half of Ford’s entire annual profits....
...“The rise of emerging players is becoming faster and stronger. Companies that cannot respond to the changes will be wiped out,” said Honda’s president Toshihiro Mibe....
...Ford has released an electric Transit, while Mercedes-Benz has a battery version of its Vito van....
...companies he says are clinging to the past....
...Ford lost $1.3bn in operating earnings due to the United Auto Workers’ strike of nearly six weeks, the company said on Thursday, a day after striking a deal with the union....
...The threat of a US escalation came as Ford faced the possibility of a strike in Canada as well, with 5,700 workers threatening to walk out of the company’s Canadian plants after their contract expired at...
...At Ford, approximately 68 per cent of voters favoured ratification. Union workers at General Motors ratified their contract yesterday....
...Hong-Kong based CK Hutchison, Allianz and Canada’s Public Sector Pension Investment Board....
...“SK On’s plans for a successful IPO depend on a range of unpredictable factors, ranging from the financial health of its parent company to the future of US tax credits and how much demand Ford can generate...
...Bentley meanwhile has had an almost 10-fold rise in profits since 2019 to €589mn last year, driven by what the company called “jaw-dropping” levels of spending on customisation....
...Hallmark will be the fourth leader of Aston since Stroll ousted Andy Palmer shortly after his 2020 bailout of the company....
...JSW, a family-owned conglomerate, and other Indian partners will own 51 per cent of the joint venture, which will be called JSW MG Motor India....
...One customer requested wood from his own forest be used in the interior, while another put €400,000 worth of carbon fibre on to the vehicle, the company said....
...The United Auto Workers will expand its strike against Ford and General Motors, while sparing Stellantis from further action, citing progress with the company at the bargaining table....
...In the US, lawmakers have reportedly asked the Biden administration to investigate Chinese companies involved in Ford Motor’s planned Michigan battery plant....
...The group will maintain its long-term alliance with Renault and Mitsubishi Motors in certain markets such as Europe, south-east Asia and Latin America....
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